Daily News Digest July 29, 2021

Daily News Digest July 29, 2021

Daily News Digest Archives

Images of the Day:

Hypocrisy: Keep Government in Women’s Lives

Another Example of Capitalism as a Failed System: World CaAnpilalism Was Aware of the Danger of Cornovavirus Threat Over 5 Years Ago and Did Nothing!:  Under Capitalism — Human Lives Don’t Matter  Capitalism Does Not, and Never Has, Worked for the Masses! In Its Death Agony, Capitalism Is Traveling About The World Like The Four Horsemen of the The Apocalypse, Spreading  Racism,  War, Famine, Pestilence, and Death. The future of Humanity Is Now At stake!

Due to Years of Austerity, Cuts to Public Health Care, And An Anti-Science and Profiteering President, The United States Now Leads the World In  Coronavirus Cases and Deaths in the World!

Always Remember:  That President Obama, With a Majority Democrat Legislature Supported the Wall Street Bailout and Remember, That he Established, in writing,  the United States Capitalist Austerity Program. —  The Race to the Bottom/Pauperization of the 99%!

Democracy?: As the Capitalist Robber Barons Steal from the 99%,  Only the 1% Voted For Austerity!   The 99% Should Decide On Austerity — Not Just The 1% Who, Profit From Austerity!!  Under Austerity, All of the World Will Eventually Be Pauperized, Humbled, and Desecrated Like Greece and Puerto Rico.!   Socialism Means True Democracy, that the 99% Will Rule, Not the Few!

Quotes of the Day:

From record-shattering heatwaves and droughts on multiple continents, to still-raging wildfires in North America and Siberia, to several devastating floods and landslides in Europe and Asia, a summer of non-stop climate-related disasters—along with projections that conditions will continue to deteriorate in the absence of fundamental political-economic transformation—has fueled demands for decisive action. — As Climate Emergency Batters World, Scientists Meet to Finalize Key Report Ahead of COP26

Videos of the Day:

We Have Fewer Voting Rights Today Than We Did 56 Years Ago’

84-hour weeks: A striking Frito-Lay worker describes horrors of working for chip giant

United States:

The United States is not a Democracy (A government in which the supreme power is vested in the people and exercised by them directly)! Only the 1%, through. their ownership of the Reublicrats, who profit from war and the war budget, voted for War and the war budget — A policy, which Gore Vidal called a  Perpetual War for Perpetual Peace. — The 99% Should Decide On War — Not Just The 1% Who Profit From War!  Under a Democracy, The 99% would have the right to vote on the policy of Perpetual War for Perpetual Peace! The United States takes from the poor and gives to the Rich.  Tax the Rich!  — They Can Afford To Pay!

At Times Square Rally, Activists Demand Congress ‘Tax the Rich’  “Jeff Bezos can’t hitchhike to space on the backs of hardworking Americans. It’s time to #TaxTheRich.” — Tax MarchReport from Maine: End the US Blockade Against Cuba Now! The two struggles have continued for decades, even centuries. Cubans fight to end slavery; gain independence from Spain and the United States; and, for 60 years, protect their socialist revolution. Ruling classes in the United States sought to annex Cuba, then to control Cuba’s economy, and for those 60 years have clamped down on the audacity of Cubans who struggle for independence and socialism. 

Drone Whistleblower Daniel Hale Sentenced to 45 Months in Prison ‘For Exposing US War Crimes’ “His crime was telling this truth: 90% of those killed by U.S. drones are bystanders, not the intended targets,” said Edward Snowden. “He should have been given a medal.”

Environment:

The Apocalypse is Now It is not all that difficult to make a case for Climate Apocalypse by simply observing what’s happening today. What are the signs? By definition, normalized climate behavior is not an apocalyptic signpost. It doesn’t count if it’s normal regular ole climate behavior that humans have seen over the centuries. To be apocalyptic, a climate event must be damaging “beyond human experience, and then some.” Yet, some of the Google searches turn up the darnedest doom-and-gloom sources, for example: “Leaked UN Climate Report: The Apocalypse Is Almost Here… The Worst Is Yet To Come….” references the recently “leaked draft” climate report by the UN Intergovernmental Panel on Climate Change (IPCC) that allegedly proclaims: “A dire warning that we are on the cusp of planetary destruction thanks to the myriad dangers of worsening climate change.” This references the 4,000-page UN report leaked to Agence France-Presse. (Source: The Byte/Climate Report, June 23, 2021), which isn’t due for publication for some months.        What if the IPCC “doom-and-gloom report,” as alleged, is on target, dead-on but similar to all past IPCC reports, it ends up as way too conservative? In point of fact, it is not all that difficult to make a case for Climate Apocalypse by simply observing what’s happening today. What are the signs? By definition, normalized climate behavior is not an apocalyptic signpost. It doesn’t count if it’s normal regular ole climate behavior that humans have seen over the centuries. To be apocalyptic, a climate event must be damaging “beyond human experience, and then some.”

Critical Measures of Global Heating Reaching Tipping Point, Study Finds Carbon emissions, ocean acidification, Amazon clearing all hurtling toward new records A new study tracking the planet’s vital signs has found that many of the key indicators of the global climate crisis are getting worse and either approaching or exceeding, key tipping points as the earth heats up.

Record-Breaking Heat Waves Have Arrived Decades Earlier Thann Predicted The heat waves of 2021, which have pummeled western regions of the United States and Canada, have killed, at a minimum, hundreds of people. In British Columbia, authorities recorded a spike in deaths in the nearly 500-range after temperatures soared to near 120 degrees; and in both Oregon and Washington State, dozens more are known to have died.   Yet those numbers, horrific as they are, do not tell the full story of the devastation caused by this summer’s record-breaking temperatures caused by a climate catastrophe that, until recently, even the most pessimistic climatologists thought was still two or three decades out. Indeed, the mortality data show that recent deaths were not simply a result of just one extreme “heat event.” There have already been a series of “heat domes” — a phenomenon in which extreme heat generated by warm ocean air is trapped under a high-pressure cap — parked over the western part of the continent this summer, with more on the way.  Black Liberation/Civil Rights:

Black Women Giving Birth in Prison Face Surveillance Disguised as Medical Care The midsection shackle, which requires a guard standing over the birthing process, is offered as “hands-on” care.Labor:

Economy:

Drawing Further Apart: Widening Gaps in the Global Recovery The recovery is not assured until the pandemic is beaten back globally. The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. Our latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed.

The Inflating Dollar!:Shadow Government Statistics Money Supply Chart The Fed ceased publishing M-3, its broadest money supply measure, in March 2006. The SGS M-3 Continuation estimates current M-3 based on ongoing Fed reporting of M-3’s largest components (M-2, institutional money funds and partial large time deposits) and proprietary modeling of the balance. See the Money Supply Special Report for full definitions.     In February 2021, the Fed redefined its narrowest M-1 Money Supply measure back to May 2020, to incorporate the bulk of Non M-1 M-2, with headline M-1 now covering 93% of total M-2, instead of the prior 28%.  In order to preserve the information reflected in the most liquid measures of M-1, ShadowStats uses the Basic M-1 Money Supply in its charts and Table here.  The original Money Supply measure, Basic M-1 is defined as Currency plus Demand Deposits (checking accounts).  That circumstance is reviewed in pending ShadowStats Benchmark Commentary No. 1459.  A fully updated Money Supply Special Report will follow.  Please contact johnwilliams@shadowstats.com for further details or any questions.

U.S. Mega Banks Were Sitting on $6.56 Billion of Chinese Education Stocks that China Just Eviscerated According to their latest 13F form filings with the Securities and Exchange Commission, as of March 31, 2021 the U.S. mega banks on Wall Street held a staggering $6.56 billion in three Chinese education stocks that just had their business model put through a shredder by the Chinese Communist Party. As of yesterday’s close, that $6.56 billion is now worth about 90 percent less than it was on March 31. Depending on just when these mega banks started panic dumping their positions, their losses could be substantial. World:

Keir Starmer Turning Against Social Democracy a la Tony Blair The context for the Blairite formula is what Tom Nairn called the “two-party equilibrium” in his 1977 classic The Break-Up of Britain. In this “equilibrium”, whose basis is a first-past-the-post electoral system (as in the US), parliament is dominated by the 2 main parties– the Conservatives and Labour— with the other parties consigned to the electoral fringes. These 2 parties then take turns to govern (though the Tories had to form an alliance with the Lib Dems in order to govern from 2010 to 2015). 

Education, Health, Science, and Welfare:

The government of the United States can pass laws in a few days to spend tens of trillions of dollars for war and the bailout of Wall Street and the bankers. Yet, those who pass universal healthcare for themselves, but cannot spend even one trillion dollars for universal health for those who are ‘governed’! This is what is considered, by the powers to be,  a democracy and part of the democratic way. — Roland Sheppard, Let the People  Vote on Healthcare! 

Physicians Group Documents ‘Severe’ Health and Human Rights Impacts of US Expulsion Policy “With each passing day, the Biden administration is trampling on its professed commitment to science-based policymaking and a humane immigration system.”